How To Tell If Your Broker is Lying

Today I’m going to give you a secret question to ask your broker.  It’ll help you filter through many of Wall Street’s lies.

First, let me say that there are plenty of great investment advisors out there.  And you may even have one you trust implicitly.

If that’s the case, then you don’t need to read this email.

But, like any profession, there are people who aren’t very (shall we say…) honest.

They are the ones who prey on the unsuspecting investor.

Hopefully that’s not you.

But let me ask you:  Have you ever bought a stock and know nothing about it?

That’s no different than gambling.  (Don’t worry.  We’ve all done it.)

So, the next time your advisor recommends you buy some stock, bond, mutual fund, etc., here’s a simple question to ask them.

(It’s very important to use these EXACT words.  They’re subtle and powerful.)

Ready?

Say: “How does this (stock/bond/etc.) line up with my best interests?”

If they can’t answer that question quickly or they say something like, “What do you mean?” then your guard should go up.

Let’s face it.  If something is not in your best interests, why should you buy it?

Your advisor should ALWAYS consider your interests first.  Period.

If they don’t, you will most likely be another victim of a packaged product.

Every month we feature a column in our newsletter called “How To Choose An Advisor That’s Best For You.”  See for yourself (HERE).

You’ll thank us later.

P.S.  Feel free to share this link with someone who’s unhappy with their advisor. (LINK)